How much is the mortgage compared to the rent you’d pay otherwise? Even if longer term relative wants to pull out, you’ll have saved with cheaper mortgage (assuming rent is more) and have built up equity in the home that you can release to either but elsewhere or have as savings if you end up renting again.

Well the idea was that it would be rented out for the first 2 years and relative receives the majority of the rent (1 bed, £600 per month, covers mortgage so no financial loss to them) and I would more fully take it on after that.

I really can't work full time until I have got a legal situation sorted out and am very nervous about sticking up for myself.

It's a lovely place, guess will see what happens this week as I'm waiting to back about the offer, thanks for advice

kit they'd advantage financially, they have their own property and no huge expenses coming up. It was supposed to be a very short term measure until I'm firing on all cylindars again and all the awful legal stuff is out of the way.

dancingqueen step purchase, I've never heard of that, will look into it thanks. Back to bank!

I would be wary of this. Lots to think about. How will you own the property? In your sole name or jointly with the family member? If in your sole name will they take a second charge over the property? In what circumstances will they be able to call for the loan to be repaid? It sounds like they view it as a short term thing. What if you're not ready to buy them out when they want out? If you're planning to borrow to buy them out, be aware you may not be able to borrow 100% of the value of the property. Do you have a lump sum to effectively replace the deposit? Their circumstances may change as well as yours. How about increases in value of the property, how will they be shared? What about decreases? If the value of the house falls it is basically the deposit that gets eaten up first (bank last). What's in it for the relative? Do they want to be paid interest? Lots more...

As I understand, you're planning to rent it out? So a rental flat that you'd take over to live in after 2 years? What if there's a bad tenant who doesn't pay? Have you inquired about buy to let mortgages? Who'll be responsible for repairs? E.g. boiler packing in? What about taxes? They can be high on btl's.

I don't the idea makes a lot of sense. There's a lot that could go wrong and it doesn't really help your situation. You could buy your own place when you can afford it.